{"product_id":"deception-and-abuse-at-the-robert-d-auerbach-9780292717855","title":"Deception and Abuse at the Fed: Henry B. Gonzalez Battles Alan Greenspan's Bank","description":"\u003cp\u003e The Federal Reserve--the central bank of the United States--is the most powerful peacetime bureaucracy in the federal government. Under the chairmanship of Alan Greenspan (1987-2006), the Fed achieved near mythical status for its part in managing the economy, and Greenspan was lauded as a genius. Few seemed to notice or care that Fed officials operated secretly with almost no public accountability. There was a courageous exception to this lack of oversight, however: Henry B. Gonzalez (D-TX)--chairman of the U.S. House of Representatives Financial Services (banking) Committee. \u003c\/p\u003e\u003cp\u003e In \u003ci\u003eDeception and Abuse at the Fed\u003c\/i\u003e, Robert Auerbach, a former banking committee investigator, recounts major instances of Fed mismanagement and abuse of power that were exposed by Rep. Gonzalez, including: \u003c\/p\u003e\u003cul\u003e\n\u003cli\u003e Blocking Congress and the public from holding powerful Fed officials accountable by falsely declaring--for 17 years--it had no transcripts of its meetings; \u003c\/li\u003e\n\u003cli\u003e Manipulating the stock and bond markets in 1994 under cover of a preemptive strike against inflation; \u003c\/li\u003e\n\u003cli\u003e Allowing $5.5 billion to be sent to Saddam Hussein from a small Atlanta branch of a foreign bank--the result of faulty bank examination practices by the Fed; \u003c\/li\u003e\n\u003cli\u003e Stonewalling Congressional investigations and misleading the \u003ci\u003eWashington Post\u003c\/i\u003e about the $6,300 found on the Watergate burglars. \u003c\/li\u003e\n\u003c\/ul\u003e\u003cp\u003e Auerbach provides documentation of these and other abuses at the Fed, which confirms Rep. Gonzalez's belief that no government agency should be allowed to operate with the secrecy and independence in which the Federal Reserve has shrouded itself. Auerbach concludes with recommendations for specific, broad-ranging reforms that will make the Fed accountable to the government and the people of the United States. \u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Robert D. Auerbach\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 0292717857\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9780292717855\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e University of Texas Press\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 06\/01\/2008\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 285\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.33lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.16h x 6.14w x 0.94d\u003cbr\u003e\u003cbr\u003e\u003cb\u003eReview Citation(s): \u003c\/b\u003e\u003cbr\u003e\u003ci\u003eChoice\u003c\/i\u003e 03\/01\/2009","brand":"Robert D. Auerbach","offers":[{"title":"Hardcover","offer_id":48064813662463,"sku":"9780292717855","price":24.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_718c9096-d81e-4d37-b079-ce73bbb929fa.jpg?v=1768671202","url":"https:\/\/www.whiterainbookhouse.com\/products\/deception-and-abuse-at-the-robert-d-auerbach-9780292717855","provider":"WR Book House","version":"1.0","type":"link"}